Consent-to-let Help for Zephyr Mortgages

Top Five Questions relating to Zephyr Mortgages consent to lease

• I have a Zephyr Mortgages mortgage on a flat I own, in Croydon. This year, resulting from a change in my circumstances I decided to rent out the apartment, and rent another property in a different area within same loc. The personal situation that altered is that my partner moved in, and the flat is too small for our needs. I would rather not dispose of the flat because the current market value is significantly lower than when I acquired the property seven years ago. I applied to Zephyr Mortgages for a consent to let which was turned down because they felt that my intention was to invest in the flat. Any guidance would be greatly appreciated, as i am at the end of my tether. There is a sense of urgencyas I have a prospective tenant waiting for this consent to let and may withdraw.I look forward to hearing from you
• I am looking to move house and I am wondering if I can get consent to let on my property then get a mortgage approval for the new house so I can put in an offer thus being chain free and then lease my property out once I move. Will my lender Zephyr Mortgages grant consent to let for six months if they know I am looking to buy a further property or only where one is relocating temporarily for my job?
• I have a current mortgage contract with Zephyr Mortgages and need clarify if it would be possible to obtain consent to let out our garden flat in Lewisham.

  The rationale for wishing to find tenants for the property are as follows: -

  • Me and my wife will be migrating to Melbourne early next year.
  • In letting out the house this will enable us to make some savings to assist with the migration process.
  • It would be pointless from a financial perspective to pay outright for a property which we are not living and by letting out the place this would be considered as continuing investment.

  If Zephyr Mortgages agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

  • Continue to pay the monthly mortgage payment by direct debit.
  • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding address for when we move.
• A friend of mine recently asked for CTL from the Woolwich which they refused citing that the mortgage had not been going for even half a year. I am about to request consent to let from Zephyr Mortgages. Will they have the same rule?
• This is not a question specific to Zephyr Mortgages but do mortgage companies generally provide the information I need for my Buy to Let or Consent to Let self-assessment tax submissions?
• My OH is in the process of buying a new property in Bromley and is getting a good deal as it requires some work done. We want to rent our current property for two years and then return. Will I be granted a consent to let by Zephyr Mortgages?
• What information should I include in a letter seeking consent to let my property in Ealing? I would like to send a request to my mortgage provider Zephyr Mortgages.
• Is there a fixed or maximum term how long I could rent my property out to a family member with consent to let from Zephyr Mortgages. I no longer want to live in the area and want to buy a new home?